Comment by reaperducer
Comment by reaperducer 4 days ago
I think he might be the greatest person at failing up who has ever lived.
Went bankrupt six times and is still hailed by his followers as an economic genius. Few people can pull that off.
Comment by reaperducer 4 days ago
I think he might be the greatest person at failing up who has ever lived.
Went bankrupt six times and is still hailed by his followers as an economic genius. Few people can pull that off.
Back in the 80's and 90's he was pretty well known for noting that if you owe a bank enough money, it is in the bank's interest not to let you fail.
My guess is that it also helps to owe lots of money to lots of banks at the same time. That way when one goes after you, the others will help you out or risk losing their money, too.
All you need is to pretend to be successful
( And produce a show "the apprentice" to also pretend to be successful)
He's pretty lucky that he needed to pretend to be successful to at least let his name lease as a brand.
Basically the only thing that worked out in business.
I think what is hard to understand for people is how you can go bankrupt six times and still have loads of assets and money. How does that work?